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Investors & landlords
Hi,
I have the same case where I live in the house since Nov 2014 and I rented out on July 2020. I am planning to sell the house on Mar 2021. Does the title have to issue 1099-S when I sell the house? They told me that they are supposed to issue 1099-S since it is used for rental before.
If they issue 1099-S, how do we enter it in turbotax so it will excludes the capital gain?
Thank you,
Widy
‎February 5, 2021
10:18 AM